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Economics · Oct / Nov 2016 · Paper 12 · Question 1

2281Factors of production

Each factor of production earns an income. What correctly identifies the income for labour and capital?

  1. Alabour: profit; capital: interest
  2. Blabour: rent; capital: profit
  3. Clabour: wages; capital: profit
  4. Dlabour: wages; capital: interest

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Correct answer: D. labour: wages; capital: interest

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